I believe we’re at the end of Ethereum’s prolonged downtrend. And no, it’s not just because of the bullish Wolfe waves. If you zoom out on the chart, you’ll clearly see that I’m continuing an analysis I did years ago. Plus, the current price zone aligns perfectly with the main support level from my previous chart.
And when we combine my historical chart with the current price action, the fact that it aligns with a Wolfe pattern makes it even more promising.
In my view, the $1850-1900 range is a solid buy zone for Ethereum. I expect sharp upward moves, but also deep wicks designed to liquidate positions. That’s why, especially in leveraged trades, caution is key—stick to low leverage.
In summary, I expect an initial rise in the
ETHUSDT pair toward the $2900-3200 range. I anticipate a correction in this zone, though the upper band price may vary depending on time and the Wolfe pattern intersection. As for the correction level, we’ll assess that when the time comes.
Good luck, fellas!
And when we combine my historical chart with the current price action, the fact that it aligns with a Wolfe pattern makes it even more promising.
In my view, the $1850-1900 range is a solid buy zone for Ethereum. I expect sharp upward moves, but also deep wicks designed to liquidate positions. That’s why, especially in leveraged trades, caution is key—stick to low leverage.
In summary, I expect an initial rise in the
ETHUSDT pair toward the $2900-3200 range. I anticipate a correction in this zone, though the upper band price may vary depending on time and the Wolfe pattern intersection. As for the correction level, we’ll assess that when the time comes.Good luck, fellas!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.